ProShares Ultra MSCI EAFE (NYSEARCA:EFO – Get Free Report) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 2,559 shares, a decline of 40.7% from the August 31st total of 4,318 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 6,967 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC purchased a new stake in ProShares Ultra MSCI EAFE in the first quarter valued at $75,000. Innova Wealth Partners acquired a new stake in shares of ProShares Ultra MSCI EAFE during the 1st quarter worth about $236,000. Finally, PMV Capital Advisers LLC raised its holdings in ProShares Ultra MSCI EAFE by 215.9% in the 1st quarter. PMV Capital Advisers LLC now owns 25,372 shares of the company’s stock valued at $1,614,000 after buying an additional 17,341 shares during the period.
ProShares Ultra MSCI EAFE Stock Performance
Shares of NYSEARCA EFO opened at $72.41 on Wednesday. The company has a 50 day simple moving average of $76.00 and a 200-day simple moving average of $72.04. ProShares Ultra MSCI EAFE has a 1 year low of $56.39 and a 1 year high of $80.05.
ProShares Ultra MSCI EAFE Company Profile
ProShares Ultra MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the MSCI EAFE Index. The MSCI EAFE Index (Europe, Australasia, Far East) adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group in developed market countries, excluding the United States and Canada. The MSCI EAFE Index consists of 21 developed market country indexes, including Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
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